The Commissioner of the SEC permit the launch of bitcoin ETF | informnews
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The Commissioner of the SEC permit the launch of bitcoin ETF

The Commissioner of the SEC permit the launch of bitcoin ETF

Commissioner of the securities and exchange Commission (SEC) Hester Peirce believes that the us regulator may still allow the launch of bitcoin-ETF crypto-funds. As clarifies the portal Bitcoinist, pierce is known for the fact that in July she publicly opposed the decision of the SEC to reject the launch of bitcoin-ETH, initiated by the Winklevoss brothers.

Recall, then the us regulator said that the launch of cryptocurrency funds is not yet possible, since this segment of the market is not Mature enough. Esther Pearce stressed that the securities and exchange Commission has gone beyond its jurisdiction, banning bitcoin-ETF, in assessing the prospects of the cryptocurrency market.

In one of his recent statements, the SEC Commissioner confirmed the need to soften the regulator’s policy towards financial innovation and stressed that the launch of crypto funds could still take place. The SEC has already attracted specialists in blockchain and cryptocurrencies, who advise the regulator on all issues related to the risks and prospects of launching bitcoin-ETF.

“Of course, it is not necessary to ignore the legislation. However, to prohibit the introduction of innovations would also be wrong,” – said the representative of the Commission.

She also clarified that although all applications for the launch of exchange-traded crypto-funds have already been rejected, they still remain open.

Meanwhile, this month in Switzerland allowed to run exchange crypto-funds (ETP) on the local stock exchange, which ranks fourth in the list of the largest European trading platforms.

It is also worth noting that the SEC launched a special center in October to interact with cryptocurrency startups. The Agency of the strategic center for innovation and financial technologies will publish information about all activities with the participation of the securities Commission.

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